Test Calculation Date definition

Test Calculation Date means the date which falls 3 (three) Business Days prior to each Guarantor Payment Date or, if that day is not a Business Day, the immediate following Business Day. The first Test Calculation Date will fall on October 2014.
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Test Calculation Date means the date which falls 3 (three) Business Days prior to each Guarantor Payment Date. The first Test Calculation Date will fall on 24 October 2017."Test Grace Period" means the period starting from the Test Calculation Date on which the breach of a test is notified by the Test Calculation Agent and ending on the 1st Monthly Test Calculation Date.
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Test Calculation Date means, following the breach of any Test, the second Business Day immediately preceding the 25th calendar day of each month.
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Examples of Test Calculation Date in a sentence

  • In addition, rain occurred during part of the data collection period.

  • If any breach of the Cover Ratio Test is not cured until the Relevant Cover Ratio Test Calculation Date, the obligations of the Issuer are set out exclusively in § 5(7) (Amortisation due to breach of Cover Pool Test) of the Conditions of the Notes.

  • Amortisation of the Notes (on a pro rata basis) as a consequence of a breach of the Cover Ratio Test does not occur immediately following the Relevant Cover Ratio Test Calculation Date but, in respect of each Note, only on the relevant interest payment date for such Note immediately following the Relevant Cover Ratio Test Calculation Date.

  • Pursuant to the terms of the Trust Agreement the Issuer may, but is not obliged, to cure any breach of the Cover Ratio Test until the Cover Ratio Test Calculation Date immediately following the Cover Ratio Test Calculation Date on which such breach occurred (the "Relevant Cover Ratio Test Calculation Date").

  • The Representative of the Bondholders shall revoke the Breach of Tests Notice if on any Test Calculation Date, the relevant Tests are subsequently satisfied, unless any other Segregation Event has occurred and is outstanding and without prejudice to the obligation of the Representative of the Bondholders to serve a Breach of Tests Notice in the future.

  • If the Cover Pool is not in compliance with the relevant Tests on the next following Test Calculation Date, the Representative of the Bondholders will serve a Breach of Tests Notice on the Issuer and the Guarantor.

  • If on any Test Calculation Date, the Cover Pool is not in compliance with the relevant Tests, then the Guarantor will require the Principal Seller and/or the Additional Seller to grant further Term Loans for the purposes of funding the purchase of New Portfolios, Top-Up Assets and/or other Eligible Assets, representing an amount sufficient to allow the relevant Tests to be met on the next following Test Calculation Date.

  • The Asset Coverage Test is intended to ensure that on the relevant Test Calculation Date, the Adjusted Aggregate Asset Amount (as defined in section "Credit Structure" below) is at least equal to the aggregate Principal Amount Outstanding of the Covered Bonds.

  • Under the Cover Pool Management Agreement, the Guarantor must ensure that, on each Test Calculation Date following service of an Issuer Default Notice on the Issuer and the Guarantor but prior to a Guarantor Event of Default and service of a Guarantor Default Notice, the Amortisation Test Aggregate Loan Amount will be in an amount at least equal to the aggregate principal amount of the Covered Bonds as calculated on the relevant Test Calculation Date.

  • In Westlawn Mid Sch precinct, the drafters placed 116 blacks and 440 whites in majority-black HD 53, while they placed 363 blacks and 794 whites in majority-white HD 6.


More Definitions of Test Calculation Date

Test Calculation Date means the date which falls 3 (three) Business Days prior to each Guarantor Payment Date. The first Test Calculation Date will fall on 24 October 2017.
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Test Calculation Date means (i) prior to the delivery of a Test Performance Report assessing that a breach of Test has occurred, the date falling two Business Days immediately following each Guarantor Calculation Date and (ii) following the delivery of a Test Performance Report assessing that a breach of Test has occurred, the second Business Day of the month immediately following the date of such Test Performance Report and, thereafter, the second Business Day of each month for the following six month-period.
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Test Calculation Date means, following the delivery of a Test Performance Report evidencing the breach of any of the Mandatory Tests and/or Asset Coverage Test, the 24th calendar day of the second calendar month falling after the delivery of such Test Performance Report.
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Test Calculation Date means both prior to and after the delivery of an Acceleration Notice, the date falling on the fifth Business Day immediately preceding each Guarantor Payment Date .
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Related to Test Calculation Date

  • Calculation Date means each day on which the Reference Price is published by the Index Sponsor or the Index Calculation Agent, as the case may be.

  • Computation Date is defined in Section 2.04.

  • Reset Determination Date means, in respect of the First Reset Period, the second Business Day prior to the First Reset Date, in respect of the first Subsequent Reset Period, the second Business Day prior to the Second Reset Date and, in respect of each Subsequent Reset Period thereafter, the second Business Day prior to the first day of each such Subsequent Reset Period;

  • Rate Determination Date means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably determined by the Administrative Agent).

  • Reset Interest Determination Date means, in respect of any Reset Period, the day falling two Business Days prior to the beginning of the relevant Reset Period;

  • Calculation Time means 11:59 p.m. on the day prior to the Closing Date.